By: Alexander Afriyie
Ghana’s inflation rate has continued its downward trend, declining to 21.2% in April 2025 from 22.4% in March 2025. This marks the fourth consecutive monthly decline, according to the Ghana Statistical Service (GSS). The drop reflects easing pressures across both food and non-food categories.
Key Highlights:
– Food Inflation: Food inflation decreased to 25% in April from 26.5% in March, still posing a challenge for households and policymakers.
– Non-Food Inflation: Non-food inflation also declined, dropping to 17.9% from 18.7% in the previous month.
– Month-on-Month Increase: Despite the annual slowdown, monthly inflation edged up to 0.8% in April from 0.2% in March, signaling renewed price pressures.
– Locally Produced and Imported Items: Inflation for locally produced items fell to 22.7% in April from 24%, while inflation for imported items remained steady at 17.7%.
Government Statistician Dr. Alhassan Iddrisu noted that the sustained drop is a positive signal of moderating inflationary pressures. However, vigilance is still required to tame inflation. The Finance Minister has reiterated the government’s commitment to fiscal discipline, projecting a further decline in inflation to 11.9% by the end of 2025.
The Consumer Price Index (CPI) for April 2025 stood at 258.6, up from 256.5 in March 2025 and 213.3 in April 2024. Regionally, the Volta Region recorded the lowest inflation rate at 18.3%, while the Upper West Region posted the highest rate at 37.1%.